A comparison of the average growth rates across time for developed nations indicates that
A) nations with lower levels of income grow more quickly than those with higher levels of income.
B) nations with lower levels of income will never be as rich as nations with high levels of income.
C) nations with high levels of income experience a continuously increasing growth rate.
D) nations with lower levels of income grow more slowly than those with higher levels of income.
A
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Suppose we are plotting the relationship between the unemployment rate and the growth rate of real GDP
If the unemployment rate is measured along the vertical axis and the growth rate of real GDP is measured along the horizontal axis, we will get a(n) ________. A) downward sloping curve B) horizontal straight line C) vertical straight line D) upward sloping curve
Slaves had incentives to remain docile, not resist their work demands and continue to depend on slavery as an institution according to Elkins (1959)
Indicate whether the statement is true or false